{"id":66411,"date":"2021-04-09T11:41:00","date_gmt":"2021-04-09T06:11:00","guid":{"rendered":"https:\/\/dwarkaparichay.com\/blog\/?p=66411"},"modified":"2021-04-18T13:43:42","modified_gmt":"2021-04-18T08:13:42","slug":"turkey-looking-at-strong-economic-partnership-with-india-bilateral-trade-reaches-us-5-7-billion","status":"publish","type":"post","link":"https:\/\/dwarkaparichay.com\/blog\/turkey-looking-at-strong-economic-partnership-with-india-bilateral-trade-reaches-us-5-7-billion\/","title":{"rendered":"Turkey looking at strong economic partnership with India, Bilateral trade reaches US $ 5.7 Billion"},"content":{"rendered":"\n<p>Turkey is considering a major trade and economic&nbsp; partnership with India. In times of pandemic, they are focussing on Virtual Trade Delegation programs to maintain engagement with India.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-layzr=\"https:\/\/dwarkaparichay.com\/blog\/wp-content\/uploads\/2021\/04\/Turkey-looking-at-strong-economic-partnership-with-India.jpg\" alt=\"\" class=\"wp-image-66412\"\/><\/figure><\/div>\n\n\n\n<p>Turkish Exporters Assembly (TIM) apex body of exporters from Turkey&nbsp;&nbsp;recently concluded a virtual business mission with India&nbsp; to reduce the effects of Covid-19 on exports. The India Virtual Trade Delegation program, organized by T\u0130M under the coordination of the Ministry of Trade, was opened by Deputy Minister of Trade Gonca Y\u0131lmaz Batur, Turkish Ambassador to New Delhi \u015eakir \u00d6zkan Torunlar, T\u0130M Chairman \u0130smail G\u00fclle.<\/p>\n\n\n\n<p><strong>Stating that in 2020 T\u00fcrkiye-India foreign trade volume reached 5.7 billion dollars, T\u0130M Chairman \u0130smail G\u00fclle said, \u201cThe T\u00fcrkiye-India Comprehensive Economic Partnership Agreement was put into the agenda on early 2010s and initiatives started with the Joint Working Group. We believe that finalizing and implementing the agreement will have a strong impact on bilateral trade relations. In the January-February period, our exports to India increased by 9 percent compared to the same period of last year to 173.4 million dollars.\u201d<\/strong><\/p>\n\n\n\n<p>T\u0130M Chairman \u0130smail G\u00fclle stated that T\u00fcrkiye sees India as a friendly country that is taking firm steps towards becoming a global power with its growing economy, wide market, military power, experience in space and information technology, rich human resources, long-established history, and cultural heritage. Reminding that diplomatic relations, established after India gained its independence in 1947, have come to present-day with strength. \u0130smail G\u00fclle said, \u201cIn the economic sphere, the T\u00fcrkiye-India Joint Economic Committee, established in 1996, the Joint Committees on Agriculture and Tourism, the Double Taxation Prevention Agreement signed in 1996 and the Mutual Assistance Agreements signed in 2015 have been the main mechanisms that strengthen economic cooperation between the two countries.\u201d<\/p>\n\n\n\n<p><strong>CEPA agreement will strengthen bilateral trade<\/strong><\/p>\n\n\n\n<p>Emphasizing that T\u00fcrkiye-India foreign trade volume reached $5.7 billion in 2020, G\u00fclle said, \u201cThe T\u00fcrkiye-India Comprehensive Economic Partnership Agreement was put into the agenda on early 2010s and initiatives started with the Joint Working Group. We believe that finalizing and implementing the agreement will have a strong impact on bilateral trade relations. T\u00fcrkiye looks forward to stronger partnerships with India, which is expected to be the fifth-largest economy in the world in 2025 and the third largest in the world in 2030. As the field workers of T\u00fcrkiye&#8217;s foreign trade, we want to make the best use of business opportunities in India within the framework of the win-win principle. x<\/p>\n\n\n\n<p>Deputy Trade Minister Ms. Gonca Y\u0131lmaz Batur said that increasing the variety of products is important for both countries to further develop our commercial relations. She also said that India- Turkey Business Forum is being planned this year.<\/p>\n\n\n\n<p>Turkish Ambassador to New Delhi \u015eakir \u00d6zkan Torunlar who delivered a speech during the opening ceremony of the virtual delegation, said \u201cTurkish exporters should concentrate on the products that the Indian market needs, instead of products that are being produced in India, and form partnerships with Indian companies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey is considering a major trade and economic&nbsp; partnership with India. In times of pandemic, they are focussing on Virtual Trade Delegation programs to maintain engagement with India. Turkish Exporters Assembly (TIM) apex body of exporters from Turkey&nbsp;&nbsp;recently concluded a virtual business mission with India&nbsp; to reduce the effects of Covid-19 on exports. The India Virtual Trade Delegation program, organized by T\u0130M under the coordination of the Ministry of Trade, was opened by Deputy Minister of Trade Gonca Y\u0131lmaz Batur, Turkish Ambassador to New Delhi \u015eakir \u00d6zkan Torunlar, T\u0130M Chairman \u0130smail G\u00fclle. Stating that in 2020 T\u00fcrkiye-India foreign trade volume <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92,1875,1],"tags":[],"class_list":["post-66411","post","type-post","status-publish","format-standard","hentry","category-better-india","category-events","category-update"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/66411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=66411"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/66411\/revisions"}],"predecessor-version":[{"id":66413,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/66411\/revisions\/66413"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=66411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=66411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=66411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}